Storm Warning: Almost A Trillion In Global Reserves Gone, A Quarter 'Missing' From Swiss.
Image Source: Unsplash
The storm warnings are up in Florida and have been up across the monetary system for some time. Massive and unprecedented curve inversions point to some as-yet-unidentified economic and financial hurricane. Conducting a survey of global foreign currency reserves, there's already been huge destruction closing in on a trillion. And if what curves are pricing is accurate, worse to come, what does that look like when a trillion dollars destroyed is the prelude?
Video Length: 00:22:35
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